Group 1 - AS Ekspress Grupp's Latvian subsidiary AS Delfi had a plan to reduce share capital, which was cancelled on September 19, 2025, as part of regular financial structure planning related to the sale of a stake in SIA Altero [1] - The cancelled share capital reduction has no impact on the daily operations or financial position of AS Delfi or AS Ekspress Grupp [1] - The share capital reduction plan is unrelated to a business dispute with SIA Ekis & Co-Positioning and Consulting, which involves advertising sales management for the news portal LA.lv [2] Group 2 - AS Delfi generated revenue of 5.5 million euros and a profit of 594,281 euros in 2024, fulfilling all contractual obligations including state-funded media projects [3] - AS Ekspress Grupp is the leading media group in the Baltic region, involved in web media content production, publishing, electronic ticket sales, and organizing events [3] - The Group employs approximately 1,000 people and has been operational since 1989 [3]
Comment on information published on the Latvian media portal
Globenewswireยท2025-09-29 09:00